Colony Financial Stock To Go Ex-dividend Tomorrow (CLNY) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

Colony Financial

(NYSE:

CLNY

) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $16.82 as of 9:30 a.m. ET, the dividend yield is 8.1%.

The average volume for Colony Financial has been 191,700 shares per day over the past 30 days. Colony Financial has a market cap of $547.5 million and is part of the

financial

sector and

real estate

industry. Shares are up 7.3% year to date as of the close of trading on Monday.

Colony Financial, Inc., a real estate finance company, focuses on acquiring, originating, and managing commercial mortgage loans and other commercial real estate-related debt investments. The company qualifies as a real estate investment trust for federal income tax purposes. The company has a P/E ratio of 11.5, above the average real estate industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Colony Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Colony Financial Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null